Paul Quinsee, global head of equities at JPMorgan Asset Management, says investors can find strong returns by looking beyond the big tech stocks that are capturing most of the market's attention now. He speaks with Jonathan Ferro and Lisa Abramowicz on ``Bloomberg Surveillance.'' (Source: Bloomberg)
Paul Quinsee, global head of equities at JPMorgan Asset Management, says investors can find strong returns by looking beyond the big tech stocks that are capturing most of the market's attention now. He speaks with Jonathan Ferro and Lisa Abramowicz on ``Bloomberg Surveillance.'' (Source: Bloomberg)
JesperSohof/iStock Editorial via Getty Images Danaos Corporation ( DAC ) is one of the largest containership operators, across both container vessels and dry bulk vessels, in the world. The company works with some of the largest shipping companies in the world and leases out its ships for transport. With this comes high visibility on a multi-year basis for cash flow for the company. Even despite r...
JesperSohof/iStock Editorial via Getty Images Danaos Corporation ( DAC ) is one of the largest containership operators, across both container vessels and dry bulk vessels, in the world. The company works with some of the largest shipping companies in the world and leases out its ships for transport. With this comes high visibility on a multi-year basis for cash flow for the company. Even despite rate volatility, the company has largely produced a consistent level of both revenue and adjusted EBITDA over the years; however, the YTD run in the stock, for which it is now up nearly 38%, seems to be tied to a portion of the business that is currently too small to matter, and I view the run as unjustified. This creates a short opportunity for the stock. Business Profile Danaos is one of the leading containership operators. The company owns over 75 containerships ranging in size from 1,800 TEU to 13,100 TEU. The company also has 29 newbuildings, that is containerships that are currently under construction. The company owns 11 Capesize bulkers and 4 Newcastlemax newbuildings. With all of these new ships, the question naturally turns to the income potential. The company has already secured multi-year chartering agreements for 23 out of the 29 newbuildings. Investor Presentation The company has two primary segments: container vessels and Dry Bulk Vessels. A recent development for the company has been the re-entry into the dry bulk segment. The company bought 11 Capesize bulk carriers and has orders out for 4 Newcastlemax bulk carriers. These have a capacity of 211,000 DWT each and are expected to be delivered in 2028. The vast majority of revenue still comes from Container Vessels, at approximately 90%. The company has a $4.1 billion backlog that runs through 2038. It currently has coverage of 100% for this year, 88% for 2027, and 65% for 2028. This creates intense visibility on revenue and enables us to have a much better idea of what future free cash flow generation looks l...
Global stock markets are offering returns that in some cases are beating the S&P 500 Index , with technology companies comprising a small part of some strategies, according to Paul Quinsee at JPMorgan Asset Management. “International value was diversifying about as far away from technology and the Magnificent 7 as you can get,” Quinsee, global head of equities at the asset manager, said Thursday o...
Global stock markets are offering returns that in some cases are beating the S&P 500 Index , with technology companies comprising a small part of some strategies, according to Paul Quinsee at JPMorgan Asset Management. “International value was diversifying about as far away from technology and the Magnificent 7 as you can get,” Quinsee, global head of equities at the asset manager, said Thursday on Bloomberg Television’s Surveillance . “You can put together a portfolio of international value stocks” and pay about 11 times earnings for “decent companies.” Tech would be just 3% or 4% of that kind of basket, he said. Quinsee’s advice is a counterweight to the full-bore enthusiasm now propelling big tech stocks higher after the Iran war dragged the Nasdaq 100 Index in March to its worst monthly performance in a year. A basket of US semiconductor makers has soared nearly 60% since the beginning of April, buoyed by optimism over artificial intelligence and powering through concerns about accelerating inflation fueled by surging energy prices. Quinsee said clearly you “can’t ignore” the tech trade. At the same time, he noted international value stocks’ return of 40% in the last 12 months, with a 25% compound return over the last three years, is “actually significantly better than the S&P,” he said. “European banks went from uninvestable to solid companies,” he said. Meanwhile, energy stocks were “written off a year ago, and now earnings are booming.” While Quinsee said he doesn’t expect that level of performance to continue, “there are other ways to make money in global stock markets , and I think it’s at a time like this, when all the attention is in one place, it’s really worth remembering.” (This story was produced with the assistance of Bloomberg Automation.)
Biotech dealmaking accelerated heading into the JPM 2026 Healthcare Conference as large drugmakers face looming patent cliffs and hunt for growth. Five therapeutic categories are absorbing most strategic capital: radiopharmaceuticals, next-gen GLP-1, autologous CAR-T, allogeneic cell therapy, and antibody-drug conjugates. Below are the publicly traded category leaders in each. Each is a well-posit...
Biotech dealmaking accelerated heading into the JPM 2026 Healthcare Conference as large drugmakers face looming patent cliffs and hunt for growth. Five therapeutic categories are absorbing most strategic capital: radiopharmaceuticals, next-gen GLP-1, autologous CAR-T, allogeneic cell therapy, and antibody-drug conjugates. Below are the publicly traded category leaders in each. Each is a well-positioned standalone business ... Big Pharma’s 5 Hottest Biotech Hunting Grounds: Meet the Category Lead
Ideal Power Inc. (Nasdaq: IPWR) ("Ideal Power," the "Company," "we," "us" or "our"), developer and provider of its innovative and widely patented B-TRAN® bidirectional semiconductor power switch, reports results for its first quarter ended March 31, 2026.
Ideal Power Inc. (Nasdaq: IPWR) ("Ideal Power," the "Company," "we," "us" or "our"), developer and provider of its innovative and widely patented B-TRAN® bidirectional semiconductor power switch, reports results for its first quarter ended March 31, 2026.
Fiserv ( FISV ) said on Thursday that it continues to expect both adjusted and organic revenue growth of 1% to 3% and adjusted earnings per share of $8.00 to $8.30 for 2026. For the medium term, Fiserv expects a compounded annual growth rate for adjusted revenue of 4% to 6% from 2026 to 2029. The company also expects to achieve adjusted operating margins in excess of 37% in 2029 and adjusted earni...
Fiserv ( FISV ) said on Thursday that it continues to expect both adjusted and organic revenue growth of 1% to 3% and adjusted earnings per share of $8.00 to $8.30 for 2026. For the medium term, Fiserv expects a compounded annual growth rate for adjusted revenue of 4% to 6% from 2026 to 2029. The company also expects to achieve adjusted operating margins in excess of 37% in 2029 and adjusted earnings per share to grow in the double-digit range from 2027 to 2029 and be in excess of $12.00 in 2029. Additionally, the company expects free cash flow conversion of approximately 90% of adjusted net income for 2027 to 2029. FISV +1.78% to $53.30. Source: Press Release More on Fiserv Fiserv: Negativity Has Finally Gone Too Far Fiserv launches agentic AI operating system for financial institutions Fiserv forms JV with Bridgeport to manage ATM, cash & MoneyPass units
Texas data-center developer Fermi Inc. changed its rules around director appointments to block efforts by its former chief executive officer to reshape the company’s board. The company now requires 70% of shareholders to approve any changes involving director numbers or tenure, according to a regulatory filing Thursday. The measure is the latest step in an escalating conflict over control of the s...
Texas data-center developer Fermi Inc. changed its rules around director appointments to block efforts by its former chief executive officer to reshape the company’s board. The company now requires 70% of shareholders to approve any changes involving director numbers or tenure, according to a regulatory filing Thursday. The measure is the latest step in an escalating conflict over control of the startup planning the world’s biggest private power grid for a data-center campus. Ex-CEO Toby Neugebauer called for a shareholder meeting this month to vote on proposals to expand the board and elect himself and several additional directors. Fermi has said his effort to organize the event was “ invalid ” and urged investors to ignore it. “The market’s response to the structural changes we’ve made have been constructive, and we’re increasingly confident that this evolution positions Fermi to accelerate the execution of our first binding tenant agreements,” Chairman Marius Haas said in a Thursday call with investors. Read More: After Firing CEO, Nuclear AI Startup Seeks to Reverse 84% Crash Fermi fired Neugebauer last month for cause, citing violations of company policy. He has disputed those assertions, saying there was no justification for the move, and is now pushing for a sale of the startup. Fermi is developing a massive data center campus that is expected to be powered with as much as 17 gigawatts of gas, nuclear, solar power and batteries. The project has faced significant roadblocks, notably the failure to sign up any tenants.
CME Group ( NASDAQ: CME ) on Thursday said it plans to launch Nasdaq CME Crypto Index futures on June 8, pending regulatory approval, expanding its cryptocurrency derivatives offering. The exchange operator said the financially settled contracts will be available in micro-sized and larger-sized formats and will track the Nasdaq CME Crypto Settlement Price Index, which measures the performance of m...
CME Group ( NASDAQ: CME ) on Thursday said it plans to launch Nasdaq CME Crypto Index futures on June 8, pending regulatory approval, expanding its cryptocurrency derivatives offering. The exchange operator said the financially settled contracts will be available in micro-sized and larger-sized formats and will track the Nasdaq CME Crypto Settlement Price Index, which measures the performance of major cryptocurrencies by market capitalization. CME said the index currently includes bitcoin, ether, SOL, XRP, ADA, LINK and lumens. The new product will be CME’s first market-cap weighted futures contract. Source: Press Release More on CME CME Group Q1 Earnings Show Strength, But The Stock Still Looks Expensive CME Group teams up with Silicon Data to launch compute futures CME Group to launch Bitcoin Volatility futures
Doctor in Brandenburg state allegedly committed the crimes, including child rape, between 2013 and 2025 German prosecutors have charged a paediatrician with 130 counts of sexual abuse, including the rape of children, most of them in his care, in a case that has caused shock and prompted clinics to step up safeguards. The 46-year-old doctor, whose name has not been released, has been in custody sin...
Doctor in Brandenburg state allegedly committed the crimes, including child rape, between 2013 and 2025 German prosecutors have charged a paediatrician with 130 counts of sexual abuse, including the rape of children, most of them in his care, in a case that has caused shock and prompted clinics to step up safeguards. The 46-year-old doctor, whose name has not been released, has been in custody since November after a mother suspected her child had been assaulted and notified authorities. The doctor worked in clinics in Brandenburg state, surrounding Berlin. Continue reading...
Israel’s Defense Ministry has awarded Elbit Systems ( ESLT ) a $34 million contract to develop external fuel tanks designed to extend the operational range and flight duration of F-35 fighter jets, according to a statement released Thursday. More on Elbit Systems, Lockheed Martin Lockheed Martin Q1 2026: Noise Vs. Signal In The Defense Sector Lockheed Martin: Q1 Reality Check And The Road To 2030 ...
Israel’s Defense Ministry has awarded Elbit Systems ( ESLT ) a $34 million contract to develop external fuel tanks designed to extend the operational range and flight duration of F-35 fighter jets, according to a statement released Thursday. More on Elbit Systems, Lockheed Martin Lockheed Martin Q1 2026: Noise Vs. Signal In The Defense Sector Lockheed Martin: Q1 Reality Check And The Road To 2030 Lockheed Martin Corporation (LMT) Q1 2026 Earnings Call Transcript Golden Dome missile shield could top $1.2T, budget watchdog says Lockheed Martin wins $212M contract modification for PATRIOT logistics support
Susan Vineyard/iStock via Getty Images Thesis EVI Industries, Inc. ( EVI ) is a microcap, niche company in the commercial laundry space. Over the last few years, it has been acquiring many smaller companies in a fragmented industry. When I originally wrote about the stock in late 2025, I initiated a Hold because, in my opinion, the valuation had gotten too far ahead of the fundamentals. The compan...
Susan Vineyard/iStock via Getty Images Thesis EVI Industries, Inc. ( EVI ) is a microcap, niche company in the commercial laundry space. Over the last few years, it has been acquiring many smaller companies in a fragmented industry. When I originally wrote about the stock in late 2025, I initiated a Hold because, in my opinion, the valuation had gotten too far ahead of the fundamentals. The company was growing, no question. But cash flow and margins stubbornly refused to follow along. Seeking Alpha Looking back, maybe I wasn’t cautious enough. Most recently, shares have come under heavy pressure. Be that as it may, after reviewing the latest earnings , I'm still staying neutral. Growth is there. The proof that it turns into profits and cash is still pending. A Boring Business With a Big Question Mark EVI Industries is a relatively under-the-radar microcap industrial growth story. The company operates in a pretty boring, but very necessary, part of the economy. It sells, leases, installs, and services commercial laundry equipment for customers that cannot afford downtime. Regardless of how the economy is doing at any given moment, whether it is a hotel, hospital, industrial laundry, institution, or laundromat, these businesses need to keep their sheets, uniforms, towels, and laundry clean. That creates recurring customer contact, steady parts demand, repair work, and periodic replacement cycles. Like I said, it's not an exciting business. However, that simplicity may be exactly what makes it more attractive in this AI age. Having said that, selling the vision is one thing. Convincing investors the company can execute on it is another. FAST Graphs Currently, EVI's share price is ~$16, which might seem like a bargain. Don't be deceived. According to FAST Graphs, the blended P/E is 30.42x. This is more than EVI's average historical P/E of 21.80x and well above EVI's average P/E of 15.00x based on its historical earnings. EVI has historically produced adjusted earnings g...